Carlos A. Rodriguez is the CEO of Automatic Data Processing (ADP), a company he joined in 1999. He climbed the corporate ladder, becoming CEO in 2011 after serving in various leadership roles. Carlos is known for his focus on performance-based...

Carlos A. Rodriguez is the CEO of Automatic Data Processing (ADP), a company he joined in 1999. He climbed the corporate ladder, becoming CEO in 2011 after serving in various leadership roles. Carlos is known for his focus on performance-based pay, earning over $20 million in total compensation in 2022. He had a base salary of about $1.16 million, but most of his earnings came from stock options tied to ADP's success. By 2023, Carlos held 44,481 shares of ADP stock, valued at over $13 million, showing he believes in the company's future. His employment agreement includes a solid severance package, ensuring he has a safety net, which aligns his interests with those of the shareholders. Carlos has a history of pushing the company to perform, with metrics like revenue growth and client satisfaction directly influencing his pay. He is committed to ADP’s strategy and growth, making his leadership pivotal to the company's direction. His journey reflects a mix of dedication, strategic vision, and a strong investment in ADP's success.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Automatic Data Processing, Inc. CEOs

A

Carlos A. Rodriguez

CEO of Automatic Data Processing, Inc.

Education

Not specified

Field of Expertise

Business & Management

Sector of Economy

Industrials

Born

September 1, 1964 - 60 years ago

CEO of Automatic Data Processing, Inc. for

13 years 6 months (Nov 2011 - Present)

Previous Experience

President, Employer Services – National Account Services and Employer Services – International, President, Small Business Services, Employer Services, President of TotalSource, Employer Services

Rivals

Competitors/colleagues of Carlos A. Rodriguez

Holdings

See how much did Carlos A. Rodriguez make over time.

As of 2023, Carlos A. Rodriguez owns 44,481 shares of ADP stock, which is worth over $13 million. His stock ownership reflects a strong belief in the company's future and shows that he has a significant personal stake in its...

As of 2023, Carlos A. Rodriguez owns 44,481 shares of ADP stock, which is worth over $13 million. His stock ownership reflects a strong belief in the company's future and shows that he has a significant personal stake in its success. In recent years, he has exercised stock options worth millions, allowing him to capitalize on ADP's performance. His focus on aligning his interests with shareholders is evident as most of his wealth is tied to these holdings, emphasizing a shared commitment to growth and profitability. With ADP's steady market position, his holdings can fluctuate, but they represent a substantial part of his wealth. This personal investment in ADP underlines his commitment to the company and its performance.

Mar 18, 2025

A

shares

ADP @ $295.93

H

shares

HUBB @ $336.38

Total Stock Sold

$400.88M

ADP

$400.88M

2,479,762 ADP shares

What if they kept their stock?

If Carlos A. Rodriguez didn't sell their stock, today they would have:
Extra ADP2,479,762 shares worth $334.45M.
This is -16.57% and $66.44M less than what they got when they sold the stock.

Charitable Transactions

ADP

80,217 shares

ADP

Recent Charitable Transactions

ADP

3,031 shares

ADP

Mar 4, 2025

Charity

ADP

2,000 shares

ADP

Nov 1, 2024

Charity

ADP

395 shares

ADP

Feb 29, 2024

Charity

ADP

2,156 shares

ADP

Dec 11, 2023

Charity

ADP

1,078 shares

ADP

Dec 7, 2023

Charity

ADP

4,550 shares

ADP

Jun 30, 2023

Charity

Insider Trading

See recent insider trades of Carlos A. Rodriguez.

ADP

3,031 shares

ADP

Mar 4, 2025

Charity

ADP

1,179 shares

ADP

Nov 6, 2024

Received

ADP

2,000 shares

ADP

Nov 1, 2024

Charity

ADP

$12.16M

ADP at $276.95/share

Sep 12, 2024

Sale

ADP

$16.23M

ADP at $275.67/share

Sep 10, 2024

Sale

ADP

$2.48M

ADP at $269.89/share

Sep 6, 2024

Sale

ADP

$4.89M

ADP at $273.70/share

Sep 4, 2024

Sale

ADP

55,406.077 shares

ADP

Aug 7, 2024

Received

ADP

$22.99M

ADP at $261.90/share

Aug 1, 2024

Sale

ADP

395 shares

ADP

Feb 29, 2024

Charity

Compensation History

See how much did Carlos A. Rodriguez make over time.

In 2022, Carlos A. Rodriguez earned a total compensation of over $20 million, made up of a base salary of approximately $1.16 million and nearly $6 million from stock options exercised. He did not receive a cash bonus in 2022, reflecting ADP's structure that focuses on aligning executive pay with company performance. The performance metrics for his compensation included factors such as revenue growth and client satisfaction. His approach to compensation illustrates how he shares risks and rewards with shareholders, as a large portion of his earnings is tied to the company's success. His compensation strategy aims to attract and retain top talent while keeping executives focused on delivering results for the shareholders.

Year

2022

Total Compensation

$1.59M

Salary

$1.16M

Board Justification

The compensation philosophy emphasizes performance-based pay, aligning executive compensation with company performance and shareholder interests, while ensuring competitive compensation to attract and retain top talent.

Bonus

$0.00

Board Justification

No annual cash bonus was awarded for fiscal year 2022 as part of the company's compensation structure.

Other

$421.82K

Board Justification

Other compensation includes benefits such as retirement contributions, insurance premiums, and other perquisites that were paid out in 2022.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards vested in 2022 as the focus was on performance-based stock units and restricted stock units, which are not included in this summary.

Performance Metrics

The performance metrics for determining compensation included revenue growth, adjusted EBIT growth, and client satisfaction metrics.

Other Automatic Data Processing, Inc. CEOs

Here are other CEOs of Automatic Data Processing, Inc.

Gary C. Butler

Ex-CEO of Automatic Data Processing, Inc.

August 2006 - November 2011